Bernie Madoff Victims' Recovery Rises to Nearly $10.5bn

Bankruptcy trustee Irving Picard has distributed some $6bn so far.

The trustee recovering money for jailed fraudster Bernard Madoff's victims has announced two more agreements that will help recover over $145m.

New York lawyer Irving Picard, the court-appointed bankruptcy trustee tasked with reimbursing duped investors victims said on 18 November that he reached a $95m (£61m, €76m) settlement with Senator Fund SPC. The deal is subject to court approval.